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Fraxion

FOUNDED : 2003

LOCATION : US & Canada, US

TEAM SIZE : 51-200

SOLUTION MATURITY : Stalwart

FUNDING ROUND : Undisclosed

TOTAL FUNDING RAISED ($m) : $1.2

Core functionality
Classic P2P and S2P
Additional functionality
Source / Procure-to-Pay (S2P and P2P)
Description

Fraxion provides Procure-to-Pay and Source-to-Pay solutions for spend management, offering effective cost containment and automated procurement to over 40,000 users.

Its cloud-based software serves mid-sized companies that require proactive spend management automation.

Fraxion streamlines requisition-to-PO processes and expenses with multi-level approval management, budget control, policy compliance, expense management and AP workflow management, with spend visibility and embedded analytics.

There are two main solutions available under the Fraxion banner: Fraxiom Prime, and Fraxion e (formerly eRequester).

Fraxion e is a more lightweight, web-based spend management software solution for visibility, efficiency and internal control.

Fraxion Prime offers even more in-depth features, such as PO change orders, configurable process workflows, capex requisitioning, and active policy management and alerts.

Fraxion integrates with Sage, Microsoft Dynamics, Acumatica, QuickBooks and other ERPs on request.

It allows you to automate procurement processes and streamline the P2P cycle with complete visibility, budget insight, and policy compliance.

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